Resolution Minerals (ASX:RML) Receives Drilling Permits and Advances Acquisition of Horse Heaven Project

Drilling Permits Approved

Resolution Minerals Ltd (ASX:RML) has received final approval from the US Forest Service for its Horse Heaven Project in Idaho, enabling drilling to commence in August 2025. The drilling permits allow for up to 57 holes from 19 drill sites, along existing roads. The Phase 1 drill program will include up to 20 holes totalling approximately 20,000 feet, focusing on the Golden Gate target area.

Acquisition of Horse Heaven Completed

Resolution Minerals has completed the acquisition of 100% of 1262446 B.C. Ltd, the owner of the Horse Heaven Project, fulfilling key acquisition conditions. The acquisition is subject to the completion of due diligence and shareholder approval at the upcoming General Meeting on 25 July 2025.

Share Release and Options Expiry

The company will release 12,500,000 fully paid ordinary shares from escrow on 17 July 2025, ahead of the previously agreed release date of 21 September 2025. Additionally, 5,000,000 RMLOC options will be released on 31 July 2025, and 81,963,480 RMLO options will expire on the same date.

Executive Comments

Craig Lindsay, CEO of U.S. Operations, commented:
“The receipt of this approval to conduct drilling operations is transformational for the Horse Heaven Project, and allows for the first new drilling at the project in over thirty years. Resolution Minerals is very excited to begin aggressively advancing Horse Heaven, to confirm the presence of a gold resource at Golden Gate, expand known mineralisation and potentially identifying the presence of tungsten and antimony.

“Historically, the Golden Gate Ridge area has produced tungsten from both open pits and underground adits, and an antimony anomaly has been identified that runs parallel to the Golden Fault Zone. We are excited about the prospect of the Horse Heaven Project and its potential to play an important role in meeting the United States’ growing demand for a domestic supply of critical metals.”

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